Roadrunner Transportation Systems Insider Helden Brian Van Unloads 5,000 Shares (RRTS)
Roadrunner Transportation Systems (NASDAQ:RRTS) Insider Helden Brian Van sold 5,000 shares of Roadrunner Transportation Systems stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $27.47, for a total transaction of $137,350.00. Following the completion of the sale, the insider now directly owns 23,069 shares of the company’s stock, valued at approximately $633,705. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RRTS. Analysts at Raymond James cut their price target on shares of Roadrunner Transportation Systems from $36.00 to $35.00 in a research note to investors on Friday, August 16th. Separately, analysts at Zacks downgraded shares of Roadrunner Transportation Systems from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $32.50 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $29.90.
Shares of Roadrunner Transportation Systems (NASDAQ:RRTS) remained flat at $27.61 during during mid-day trading trading on Monday. 52,819 shares of the company’s stock traded hands. Roadrunner Transportation Systems has a 52-week low of $15.00 and a 52-week high of $30.98. The stock’s 50-day moving average is $27.39 and its 200-day moving average is $27.09. The company has a market cap of $991.2 million and a price-to-earnings ratio of 21.67.
Roadrunner Transportation Systems (NASDAQ:RRTS) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $331.90 million for the quarter, compared to the consensus estimate of $330.60 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis.
Roadrunner Transportation Systems, Inc (NASDAQ:RRTS) is a transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and logistics, transportation management solutions, intermodal solutions (transporting a shipment by more than one mode, primarily via rail and truck), and domestic and international air.
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